Word: nationalizing
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Dates: during 1950-1959
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...drift of both opinion and practice in the 20th century is indeed toward the centralized welfare state, but moving with the drift is not necessarily the fitting role for a nation's leaders. And continued deficit financing, with its burdensome interest charges and its push toward inflation, can only weaken the fiscal underpinnings of an economic system that has done better by more people than any planned economy ever dreamed...
Like liberal Democrats, they argue that the U.S. needs more and more money spent on schools, roads and houses than the President is willing to spend. They dislike his insistence that inflation is the nation's principal hazard-not because they like inflation but because they want to talk about other things, e.g., reclamation, broader civil rights legislation, urban renewal and power development...
...Firmly endorsed and sometimes led the massive continental surge of U.S. allies in Europe through private-enterprise prosperity toward greater political-economic unity, symbolized by the six-nation European Common Market, which goes into effect this week...
...right to expect, President Eisenhower last week found just the man to take on the job-vacant since the "wanted" sign was hung out last August-of running the Pentagon's increasingly diverse research, and engineering problems. The man: Dr. Herbert York, 37, one of the nation's top scientists, who has been holding down the job of chief scientist of the Defense Department's Advanced Research Projects Agency, ten-month-old overall Pentagon planning group...
Another question mark for 1959 is the state of the nation's foreign trade. To the delight of foreign countries, the new economy's huge purchases kept imports at record rates, though exports plummeted from a peak annual rate of $20.5 billion in 1957 to $16.6 billion the first half of 1958. Gold flowed out of the U.S. at such a rate that there was talk of a flight from the dollar. While exaggerated, the talk underlined the fact that foreign companies are engaged in a vast modernization program, which, with lower labor costs, will give them...